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Spheres of Influence
Top image credit: Getty Images, Matt Ray/EHP
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Subjective Science: Environmental Cost-Benefit Analysis Charles W. Schmidt Abstract
The Office of Information and Regulatory Affairs, located within the Executive Branch of the federal government, is at the center of a debate over its rapidly growing role in environmental rule making and in particular its efforts to promote cost-benefit analysis in regulatory processes. Some of those opposed to cost-benefit approaches claim such methods are not developed enough for use in assigning value to benefits from regulatory changes. Work is under way, however, to assess and refine these approaches and to decide how to use them most appropriately.
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